Tax rates 2014 pakistan

400,000.e on the discount tire charlotte north tryon amount.Income Tax is, therefore, generally recognized as a highly equitable form of taxation.Where the taxable income exceeds Rs 1,800,000 but does not exceed Rs 2,500,000, rate of tax is Rs 140,000.5 of the amount exceeding Rs 1,800,000.For, income Tax calculator for salaried class year, click Here.Where the taxable income exceeds Rs 3,000,000 but does not exceed Rs 3,500,000, the rate of income tax is Rs 362,500.5 of the amount exceeding Rs 3,000,000.As per the, finance Act passed by Government of Pakistan, following slabs and income tax rates shall be applicable for salaried persons and salaried class for the year : Where the taxable salary income does not exceed Rs 400,000, the rate of income tax.Where the taxable income exceeds Rs 7,000,000, rate of tax is Rs 1,425,000 30 of the amount exceeding Rs 7,000,000.Tax Rates 2014-15 for Salaried Persons have already been announced by the Government.Taxation according to a persons ability to pay is universally accepted principle, and income is considered a satisfactory though not a sufficient index of such ability to pay.Where the taxable income exceeds Rs 750,000 but does not exceed Rs 1,400,000,the rate of income tax is Rs 17,500 10 of the amount exceeding Rs 750,000.Where the taxable income exceeds Rs 3,500,000 but does not exceed Rs 4,000,000, the rate of income tax is Rs 475,000 25 of the amount exceeding Rs 3,500,000.Here is our free version of the latest Income Tax calculator for salaried Class in Pakistan for Tax Year 2014 (Financial Year 2013-14).Following are the broad categories of taxpayers.A tax levied on income can normally be shifted to others and thus its incidence is on those for whom it is intended.Contact us for exact calculations.This is just rough estimate without adjustments, tax credits and others.Other details of the taxable income are shown on the schedule.Where the taxable income exceeds Rs 1,400,000 but does not exceed Rs 1,500,000, the rate of income tax is Rs 82,500.5 of the amount exceeding Rs 1,400,000.400,000/- there will be no tax.If the taxable amount exceeds.Any miscalculation or problems occurring due to the free use of this software is not the responsibility of Masood Masood. .750,000/- then there will be 5 tax on the amount exceeding.